UP Fintech (NASDAQ:TIGR) Releases Earnings Results, Beats Estimates By $0.06 EPS

UP Fintech (NASDAQ:TIGR) released its earnings results on Tuesday. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06, reports. UP Fintech had a return on equity of 6.09% and a net margin of 9.14%. The firm had revenue of $124.10 million for the quarter, compared to analysts’ expectations of $73.60 million.

UP Fintech Stock Up 0.1 %

UP Fintech stock opened at $9.70 on Wednesday. The business has a fifty day moving average of $7.27 and a two-hundred day moving average of $6.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.79 billion, a P/E ratio of 48.44 and a beta of 0.87. UP Fintech has a twelve month low of $3.10 and a twelve month high of $14.48.

Analyst Ratings Changes

Several research analysts recently issued reports on TIGR shares. Deutsche Bank Aktiengesellschaft started coverage on UP Fintech in a research note on Thursday, January 2nd. They issued a “buy” rating and a $9.40 price objective on the stock. Bank of America started coverage on UP Fintech in a research note on Monday. They issued a “buy” rating on the stock. Finally, Citigroup raised UP Fintech from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $5.80 to $9.50 in a research note on Wednesday.

About UP Fintech

UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform, which allows investor to trade stocks, options, warrants, and other financial instruments that can be accessed through its APP and website. It offers brokerage and value-added services, including investor education, community engagement, and IR platform services.